Gove Finance Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 5.00 M
- Company Age 41 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 36.57 Cr
- Satisfied Charges ₹ 3.15 Cr
- Revenue Growth 67.75%
- Profit Growth 168.82%
- Ebitda 17.89%
- Net Worth 12.19%
- Total Assets 17.18%
About Gove Finance
Gove Finance Limited (GFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 12 May 1983 and has a history of 41 years and ten months. Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Gove Investment & Finance Company Limited. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 5.00 M.
The company currently has active open charges totaling ₹36.57 Cr. The company has closed loans amounting to ₹3.15 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vellore Surendra, Arun Surendra, Bangalore Tiruvadanan, and One other member serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65921TN1983PLC010029
- Company No.
010029
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
12 May 1983
- Date of AGM
02 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Financial Services
Who are the key members and board of directors at Gove Finance?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Arun Surendra  | Managing Director | 21-Jul-2021 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vellore Surendra | Director | 22-Sep-1983 | Current |
| Bangalore Tiruvadanan | Director | 12-Apr-2024 | Current |
| Archana Rajkumar | Director | 20-Aug-2021 | Current |
Financial Performance of Gove Finance.
Gove Finance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 67.75% increase. The company also saw a substantial improvement in profitability, with a 168.82% increase in profit. The company's net worth Soared by an impressive increase of 12.19%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Gove Finance?
In 2023, Gove Finance had a promoter holding of 99.97% and a public holding of 0.03%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Chennai Auto Agency Private LimitedArun Surendra is a mutual person
V.S.T.Motors Private LimitedVellore Surendra and Arun Surendra are mutual person
V.S.T. & Sons Private LimitedVellore Surendra and Arun Surendra are mutual person
- Bangalore Motors Private Limited
Vellore Surendra and Arun Surendra are mutual person
- V.S.T. Titanium Motors Private Limited
Vellore Surendra and Arun Surendra are mutual person
- V.S.T.Auto Ancillaries Private Limited
Vellore Surendra and Arun Surendra are mutual person
Charges (Loans)
Open Charges
₹36.57 Cr
Satisfied Charges
₹3.15 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 18.00 Cr
- Others : 15.00 Cr
- Idbi Trusteeship Services Limited : 3.57 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Apr 2024 | Others | ₹5.00 Cr | Open |
| 21 Oct 2023 | State Bank Of India | ₹18.00 Cr | Open |
| 27 Sep 2023 | Others | ₹10.00 Cr | Open |
| 15 Sep 2014 | Idbi Trusteeship Services Limited | ₹3.57 Cr | Open |
| 19 Sep 1995 | Vijaya Bank | ₹1.00 Cr | Satisfied |
How Many Employees Work at Gove Finance?
Unlock and access historical data on people associated with Gove Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Gove Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Gove Finance's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Gove Finance
Recent activity within the organization
- Annual General Meeting
Gove Finance Limited last Annual general meeting of members was held on 02 Aug 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100916671 was registered on 20 Apr 2024.
- Director Appointment
Bangalore Sundara Tiruvadanan was appointed as a Director was appointed as a Director on 12 Apr 2024 & has been associated with this company since 11 months 15 days .
- Balance Sheet
Gove Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Charges
A charge with State Bank Of India amounted to Rs. 18.00 Cr with Charge ID 100810908 was registered on 21 Oct 2023.
- Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100794992 was registered on 27 Sep 2023.
Frequently asked questions
What is the Incorporation or founding date of Gove Finance Limited?
Gove Finance Limited was incorporated on 12 May 1983.
What is authorized share capital and paid-up capital of Gove Finance Limited?
The authorized share capital of Gove Finance Limited is ₹ 5.00 Cr and paid-up capital is ₹ 5.00 M.
Who are the current board members & directors of Gove Finance Limited?
Currently 4 directors are associated with Gove Finance Limited.
- Vellore Krishnamoorthy Surendra
- Arun Vellore Surendra
- Bangalore Sundara Tiruvadanan
- Archana Rajkumar
What is the registered address of Gove Finance Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Gove Finance Limited is 199(Old No.144) Anna Road -2 India, Chennai, Tamil Nadu, 600002.
What is the corporate identification number (CIN) and company number of Gove Finance Limited?
The corporate identification number (CIN) of Gove Finance Limited is U65921TN1983PLC010029 and the company number is 010029 as per Ministry of Corporate Affairs (MCA).
What is the official website of Gove Finance Limited?
The Official website of Gove Finance Limited is https://www.govefinance.in
What has been the recent revenue trend for Gove Finance Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Gove Finance Limited has risen by 67.75%.
What change has been observed in the net worth of Gove Finance Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Gove Finance Limited has experienced an upsurge of 12.19%.
What are the total open charges for Gove Finance Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Gove Finance Limited amount to ₹ 36.57 Cr.
When was the last Balance Sheet of Gove Finance Limited filed with the ROC?
The most recent Balance Sheet for Gove Finance Limited was filed with the ROC on 31 Mar 2024.
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